BUILDING SERVICE EMPLOYEES INSURANCE HEALTH AND WELFARE FUND (EIN 237044568) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

CHRISTIAN RAK

Phone

8169319100

Tax Period

2024-04-01 to 2025-03-31

BUILDING SERVICE EMPLOYEES INSURANCE HEALTH AND WELFARE FUND, founded in 1963, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

PROVIDE HEALTH BENEFITS FOR QUALIFIED PARTICIPANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,275,148

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,275,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,230,666

Other Expenses $69,411

TOTAL EXPENSES $1,300,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,275,148	$1,559,052	-0.2%
Expenses	$1,300,077	$1,496,326	-0.1%
Net Income	$-24,929	$62,726	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAX GERBOC	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARENGO	TRUSTEE	1.00	Director	$0	$0	$0
ALYSSA ODDO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN RAK	CHAIRMAN	1.00	Director	$0	$0	$0
ROSE WELCH	TRUSTEE	1.00	Director	$0	$0	$0
TERRY WOODLEY	TRUSTEE	1.00	Director	$0	$0	$0
MANSOUR ZARRINKIA	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,275,148	$1,300,077	$618,251	$-24,929
2024	$1,559,052	$1,496,326	$656,356	$62,726
2023	$1,740,517	$1,552,558	$576,880	$187,959
2022	$1,905,723	$1,695,651	$388,921	$210,072
2021	$1,560,688	$1,549,090	$178,882	$11,598
2020	$1,335,639	$1,310,106	$258,786	$25,533
2019	$1,355,767	$1,462,021	$141,926	$-106,254

BUILDING SERVICE EMPLOYEES INSURANCE HEALTH AND WELFARE FUND